The global lecithin market size is anticipated to attain a valuation of USD 1,682.4 million by the end of 2023. It is projected to showcase a considerable CAGR of 7.0% from 2023 to 2033. It is expected to make a substantial contribution to the market with a valuation of USD 3,118.5 million in 2033.
Lecithin, which is derived from soybeans, sunflowers, and other sources, is used as an emulsifier, stabilizer, and thickening agent in a variety of food & beverage products. Few of its applications are in baked goods, dairy products, and confectionery. Lecithin is also used in pharmaceutical and cosmetic products as an ingredient that enhances the texture & stability of these products.
Over the years, the lecithin industry has expanded steadily driven by increasing demand for natural and functional ingredients. Consumers are becoming more health-conscious and are seeking products that contain natural ingredients.
It has led to a growing demand for lecithin in food & beverage products. Increasing demand for convenience foods and rising trend for clean labels & natural products have also contributed to growth in the lecithin industry.
Demand for lecithin in the dairy products industry is increasing rapidly due to its emulsifying properties, which make it a useful ingredient in various dairy products. It helps to mix two substances that do not normally combine such as oil and water. In dairy products, lecithin is used to create a smooth & uniform texture, prevent separation, and improve the stability of products.
Lecithin is commonly used in dairy products such as chocolate milk, ice cream, cheese, and butter. In chocolate milk and ice cream, it helps to create a smooth and creamy texture.
In cheese and butter, lecithin improves the emulsification of fats and proteins. The end result is the development of a smoother and more spreadable product.
Lecithin demand in the dairy products industry is also expected to be pushed by surging need for natural and clean label ingredients. It is a natural ingredient that is non-toxic, non-allergenic, and non-GMO. Its beneficial properties make it a desirable ingredient for consumers who are looking for healthy and more natural food options.
Lecithin is further anticipated to witness high demand across confectionery companies worldwide. It is commonly used in confectionery products such as chocolates, candies, and chewing gums.
In chocolates, lecithin is added to improve their flow properties, prevent bloom, and create a smooth texture. In candies, it is utilized to develop a smooth & creamy texture, prevent sticking, and improve their shelf life. In chewing gums, lecithin is extensively used to emulsify the flavors and create a long-lasting flavor.
| Attributes | Key Insights |
|---|---|
| Lecithin Market Estimated Size (2023E) | USD 1,682.4 million |
| Projected Market Valuation (2033F) | USD 3,118.5 million |
| Value-based CAGR (2023 to 2033) | 7.0% |
| Collective Value Share: Top 3 Countries | USD 12,78.6 million |
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According to Future Market Insights (FMI) analysis, the global market grew at a CAGR of 5.6% from 2018 to 2022. It is anticipated that the market would remain lucrative, exhibiting around 7.0% CAGR between 2023 and 2033.
With increasing awareness of the versatile application of lecithin, customers from different sectors are increasingly demanding for the product derived from natural sources. With vast raw material source availability, manufacturers are focusing on utilizing various resources to expand their product portfolios.
They are investing more on research & development initiatives to launch new products and new application areas. For instance, lecithin is loaded with various skincare benefits. It enhances the appearance and texture of one’s skin. Owing to increasing awareness among millennial consumers regarding the use of natural ingredients in cosmetics, demand for lecithin is expected to surge.
Lecithin is derived from natural sources such as soybeans and sunflowers, which are considered sustainable and renewable crops. It has led to an increasing demand for lecithin products from manufacturers looking to promote sustainability and environmentally friendly practices.
A few manufacturers are likely to install equipment with the latest technologies. It would make high-quality lecithin processing easier and more cost-effective for them. It is further anticipated to help expand the supply chain of lecithin products, thereby creating new opportunities.
Which Factors Might Hinder Lecithin Demand across the Globe?
Principal Consultant
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 4.3% |
| Jul to Dec (H2), 2021 (A) | 4.9% |
| Jan to Jun (H1),2022 Projected (P) | 5.1% |
| Jan to Jun (H1),2022 Outlook (O) | 4.8% |
| Jul to Dec (H2), 2022 Outlook (O) | 6.1% |
| Jul to Dec (H2), 2022 Projected (P) | 5.8% |
| Jan to Jun (H1), 2023 Projected (P) | 7.3% |
| BPS Change: H1,2022 (O) to H1,2022 (P) | 30 |
| BPS Change: H1,2022 (O) to H1,2021 (A) | 49 |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | -30 |
| BPS Change: H2, 2022 (O) to H2, 2022 (A) | 119 |
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 6.5% |
| BPS Analysis | -243 |
| Market Value (2033) | USD 795.0 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 4.7% |
| BPS Analysis | -50 |
| Market Value (2033) | USD 152.2 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 10.1% |
| BPS Analysis | -13 |
| Market Value (2033) | USD 226.1 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 10.2% |
| BPS Analysis | 361 |
| Market Value (2033) | USD 257.5 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 11.2% |
| BPS Analysis | 304 |
| Market Value (2033) | USD 173.5 million |
Government Support in the United States to Boost Demand for Lecithin Supplements
In 2033, the United States lecithin market is expected to contribute a value share of 78.6%. It is estimated to cross a market valuation of USD 795.0 million by 2033.
The United States government is providing agricultural subsidies to farmers who grow crops such as soybeans, which are a key source of lecithin. Such subsidies are helping to support the production of those crops that are used to make lecithin. These are further ensuring a steady supply of the ingredient.
The government has also negotiated trade agreements with other countries that might help to promote the export of lecithin and similar agricultural products. It is projected to propel demand for United States-produced lecithin in international markets.
The United States Food and Drug Administration (FDA) has regulated the use of lecithin in food products. It has also established certain guidelines for use of these products. High regulatory support is anticipated to ensure the safety and quality of lecithin-based products in the country.
Low Labor Costs in India to Help Expand Pygeum and Lecithin Production by 2033
As per Future Market Insights (FMI), India lecithin industry is anticipated to showcase a CAGR of 10.2% in the next ten years. It is set to top a valuation of over USD 257.5 million in 2033.
India is a leading producer of soybeans, which are one of the primary sources of lecithin. Lecithin manufacturers in India have access to a steady and reliable supply of raw materials. It can help to lower production costs and increase profitability.
The government of India has also implemented several policies to support growth of the food processing industry. It has put forward tax incentives and subsidies for food manufacturers.
Such initiatives are encouraging lecithin manufacturers to invest in production facilities and develop value-based products. Abundant availability of raw materials, favorable government policies, and low labor costs are a few key factors responsible for high production of lecithin in India.
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Rising Demand for Natural Products to Fuel Sales of Unrefined Sunflower Lecithin Supplements
The unrefined lecithin segment is estimated to hold a global market share of 63.2% by 2033. It is expected to register robust growth during the projection period and reach a valuation of USD 1,843.3 million in 2033.
Unrefined lecithin is a natural substance that has no artificial additives or chemicals. Clean-label ingredients are nowadays becoming increasingly popular as people become more concerned about substances in their food products.
Due to the naturalness of unrefined lecithin, it is gaining high popularity among modern consumers. It is a sustainable ingredient as it is derived from natural sources. It also uses minimum chemicals and energy throughout the manufacturing process, which is another factor driving its demand.
As compared to refined and chemically modified lecithin, unrefined lecithin contains more phospholipids and other nutrients. Its popularity is projected to expand among today’s consumers as they become more aware of the benefits of natural products.
Sales of Powdered Lecithin to Skyrocket Globally with Rising Use in Snacks & Baked Items
According to Future Market Insights (FMI), in terms of form, the powder segment is expected to surpass a market valuation of USD 2,221.5 million in 2033. Powdered lecithin is a versatile ingredient that can be used in a wide range of food and non-food applications.
It can be added to dry mixes, baked goods, and snack foods. It can also be employed as a dusting or releasing agent in the production of tablets, capsules, and powders.
Powdered lecithin is simple to handle and incorporate into recipes. Its dry, fine powder form facilitates dispersion and integration with other components. Such features make it easier to employ in recipes and production processes due to which its demand is high, as compared to liquid and granules.
Lecithin Granules to Find Extensive Use in Dietary Supplements & Pharmaceuticals
Based on application, the dietary supplements & pharmaceuticals segment is likely to dominate the global market. It is set to expand at a CAGR of 6.6% from 2023 to 2033. It is predicted to exceed a market value of USD 857.8 million in 2033.
Increasing application of lecithin in dietary supplements & pharmaceuticals has created new opportunities for key players. Phospholipid, which is a significant ingredient of fractionated and highly purified lecithin is likely to experience rising utilization in the pharmaceutical industry.
Its function as a technical excipient in the making of medicinal products is projected to boost demand. A natural phospholipid is preferred over a synthetic one due to its easy availability and low cost.
It is also well accepted by regulatory bodies. Its use in protein supplements, infant formulas, dairy products, instant foods, cosmetics, and animal feed is rising with increasing research & development projects by manufacturers.
One common strategy adopted by lecithin manufacturers is to improve the quality and functionality of their products. For them, this could involve developing new formulations that provide better emulsification, foaming, and dispersing properties, which are important characteristics for numerous food applications.
Another strategy is to increase production efficiency and reduce costs through the use of automation & process improvements. It can help manufacturers to remain competitive and elevate their profit margins.
For instance:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,682.4 million |
| Projected Market Valuation (2033) | USD 3,118.5 million |
| Value-based CAGR (2023 to 2033) | 7.0% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD Million) and Volume (MT) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, Gulf Cooperation Council Countries, Türkiye, and South Africa |
| Key Market Segments Covered | Product Type, Nature, Form, Application, Function, and Regions |
| Key Companies Profiled | Archer Daniels Midland Company; Caldic Canada Inc.; Cargill, Inc.; Haneil Soyatech Pvt Ltd.; GIIAVA (India) Pvt Ltd.; Bunge Limited; Lipoid GmbH; Foodchem International Corporation; Orison Chemicals Limited; Sodrugestvo Group S.A.; Lecico GmbH; DuPont, Inc. |
| Pricing | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The lecithin market is anticipated to secure a valuation of USD 3,118.5 million by 2033.
In 2023, the lecithin market holds a value of USD 1,682.4 million.
The market is anticipated to expand at a CAGR of 7% through 2033.
With the growing popularity of processed and convenience foods, lecithin sales are expected to surge in the forecast period.
The availability of cheap substitutes and consumer concerns about potential allergies can impede market growth.
North America is a lucrative growth region anticipated to garner a valuation of USD 795.0 million by 2033.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Value Chain Analysis 5. Global - Pricing Analysis 6. Global Market Size Value (USD Million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. Refined Lecithin 7.2. Chemically Modified Lecithin 7.3. Unrefined Lecithin 7.3.1. Soybean Lecithin 7.3.2. Sunflower Lecithin 7.3.3. Rapeseed Lecithin 7.3.4. Others (Corn Lecithin) 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 8.1. Genetically Modified (GMO) 8.2. Non-GMO 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 9.1. Powder 9.2. Granules 9.3. Liquid 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Function 10.1. Emulsifier 10.2. Dispersing Agent 10.3. Surfactants 10.4. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 11.1. Bakery & Confectionery 11.2. Dairy Products 11.3. Infant & Dietetic Food Products 11.4. Meat & Poultry Items 11.5. Instant Foods 11.6. Other Processed Foods 11.7. Dietary Supplements & Pharmaceuticals 11.8. Cosmetics 11.9. Animal Feed 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. East Asia 12.5. South Asia 12.6. Oceania 12.7. Middle East & Africa 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Country-level Market Analysis, 2022 21. Market Structure Analysis 22. Competition Analysis 22.1. Cargill Inc 22.2. Archer Daniels Midland Company 22.3. Caldic Canada Inc. 22.4. Bunge Limited 22.5. Haneil Soyatech Pvt Ltd. 22.6. GIIAVA (India) Pvt Ltd. 22.7. Lipoid GmbH 22.8. Orison Chemicals Limited 22.9. Foodchem International Corporation 22.10. Wilmar International Limited 22.11. Lecico GmbH 22.12. Sodrugestvo Group S.A. 22.13. DuPont, Inc. 22.14. Imcopa Food Ingredients B.V. 22.15. Ruchi Soya Industries Ltd. 22.16. Sun Nutrafoods 22.17. Clarkson Specialty Lecithins 22.18. GUANGZHOU HISOYA BIOLOGICAL SCIENCE AND TECHNOLOGY CO. Ltd 22.19. Other Players (On Additional Requests) 23. Assumptions and Acronyms Used 24. Research Methodology
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Lecithin Market
